Both verbs mean to tell somebody about something. Both verbs can have two objects. The first difference is that notify is more official than inform. Basically, notify means to give someone a notice of something, whilst inform means to provide information. Also, it means to disclose confidential information to an authority, or to report. In addition, it also refers to the act of education or training, but this sense of meaning is a bit obsolete. Inform may occur as an adjective in this form, in this case, it means unshaped. Notify, on the other hand, besides giving a notice for someone, it means to inform someone officially about something.
